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Brief Exercise 8.5(Algo) Effect of the disposal of plant assets on the financial statements LO...

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Accounting

Brief Exercise 8.5(Algo) Effect of the disposal of plant assets on the financial statements LO 8.5
Mis B Mabch Compory sold office equipment with a cost of $49,800 and accumulated depreciation of $34,000 for $29,000 cash.
Required:
Q. What is the ambunt of gan ar loss on the disposal?
b. How would the sale affect net income (increase, decrease, no effect)?
c. How would the sde affect the amount of tolal assets shown on the balance sheet (increase, decrease, no effect)?
d. How waid the evem affect the staremem of cash flows (inflow, outlow, no effect)?
\table[[a.,,],[b. Efinct of ale on net incomb,,],[c. Efluct of sade on latsiserets.,,],[d. Ehoct ef sele ah sharment at cash toes,r,]]
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